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Orkla India IPO: Orkla India, parent company of packaged foods manufacturer MTR Foods, has set the price band for its initial public offering (IPO) in the range of ₹695 to ₹730 per equity share. The mainline offering is entirely an offer for sale (OFS) of ₹22.8 million equity shares worth ₹1,667.54 crore. Orkla Asia Pacific is the promoter selling shareholder, while Navas Meeran and Feroz Meeran are other selling shareholders. According to the red herring prospectus (RHP), the company has reser ...Read More >
New Delhi, Oct 1 (PTI) India's free trade agreement (FTA) with four European nation bloc European Free Trade Association (EFTA) comes into effect. It is aimed at boosting two-way commerce and investments. The EFTA members are Iceland, Liechtenstein, Norway, and Switzerland. It was signed on March 10, 2024. * What is an FTA? It is an arrangement between two or more countries where they agree either to eliminate or reduce customs or import duties on the maximum number of goods traded between th ...Read More >
New Delhi [India], September 28 (ANI): World Food India 2025, organised by the Ministry of Food Processing Industries (MoFPI), concluded on a historic note with investment commitments of unprecedented scale. Over the course of the four-day event, 26 leading domestic and global companies signed Memoranda of Understanding (MoUs) worth a total of Rs 1,02,046.89 crore, marking one of the largest investment announcements in India food processing sector, said an official release from the Ministry of ...Read More >
New Delhi: The Centre on Sunday signed a memorandum of understanding (MoU) worth over Rs 1 lakh crore with 26 leading domestic and global companies, marking one of the largest investment announcements in India's food processing sector, according to the government. In an official statement, the government said that a summit, organised by the ministry of food processing industries, was inaugurated by the Prime Minister Narendra Modi held in the national capital from September 25 to 28, and the Wo ...Read More >
New Delhi, Sep 28 (PTI) The government has signed agreements with 26 overseas and domestic firms during the 'World Food India' summit for investments worth Rs 1.02 lakh crore in India's food processing sector. The summit, organised by the Ministry of Food Processing Industries, was held at Bharat Mandapam in the national capital from September 25 to 28. In an official statement on Sunday, the ministry said the World Food India 2025 concluded on a historic note with investment commitments of un ...Read More >
Traders have announced a three-day protest plan. On 23rd July, milk sales will be suspended. Gutka and cigarette sales will be halted on 24th July, and Full closure of bakeries, condiment shops and petty stores will be on 25th June. On 25th July, Bengaluru is set to see a city-wide bandh. Thousands of small business owners are set to protest against GST notices issued by the Karnataka Commercial Taxes Department. The notices target businesses that accepted digital payments exceeding GST registr ...Read More >
New Delhi: State tax departments in Andhra Pradesh, Uttar Pradesh, Tamil Nadu, and Gujarat are now following Karnataka's lead and asking UPI apps and payment companies to share yearly sales data of merchants. This move is meant to catch shopkeepers and businesses who should be registered for GST but aren't. By law, anyone selling goods and making over Rs 40 lakh per year (Rs 20 lakh for services) must sign up for GST. If they haven't, tax officials might send them a notice -- which has already ...Read More >
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